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Coinbase Takes Legal Action against SEC's Decision The U.S. Securities and Exchange Commission (SEC) has rejected cryptocurrency exchange Coinbase's petition for regulatory clarity in the crypto industry. SEC Chairman Gary Gensler backs his agency's decision to deny Coinbase's petition. In response, Coinbase has pursued legal action against the securities regulator to challenge this decision. Coinbase […]

Lolli Secures $8 Million for Crypto Rewards Market Expansion Lolli, a leading player in the bitcoin and cashback rewards industry, has successfully closed an $8 million Series B funding round. The round was led by Bitkraft Ventures, with participation from a mix of new and returning investors. Diverse Group of New Investors This latest funding

Introduction Rebel Satoshi, the meme coin that aims to unite the silent majority and achieve a $100 million market cap, has exceeded expectations by successfully completing its first two fundraising rounds. Since November 5th, the project has raised $500,000, with the Early Bird Round selling out in just 3 weeks and Rebels Round 1 selling

Investments in Crypto Assets: Exceptionally Risky The U.S. Securities and Exchange Commission (SEC) has renewed its warning that investments in crypto assets can be exceptionally risky. The regulator emphasizes that crypto-related investments are fraught with fraud, including bogus coin offerings, Ponzi and pyramid schemes, and outright theft where project promoters disappear with investors' money. SEC

NFT Sales Soar by 57% in the First Week of December In the month of November, non-fungible token (NFT) sales experienced a significant surge, and this trend continued into the early weeks of December. In fact, NFT sales in the first week of December escalated by 57% compared to the previous week, reaching approximately $316

Comparing the Gold and Bitcoin Rallies Europac's chief economist and well-known gold proponent, Peter Schiff, recently discussed the market movements of gold and bitcoin. Schiff pointed out that the pullback in gold prices, after reaching all-time highs last week, created an opportunity for bitcoin prices to increase simultaneously. The Collapse of Bitcoin vs. Continued Rally

Bitcoin Reaches Highest Level in 20 Months On December 5, 2023, the value of bitcoin surged to $44,490 per coin, marking its highest level in 20 months. This recent increase in value has not only benefitted bitcoin but also a multitude of other cryptocurrencies. However, despite significant percentage gains, these digital currencies have yet to

The Indian government has recently disclosed that there are currently 28 crypto service providers registered with the country's Financial Intelligence Unit (FIU). In addition, the Ministry of Finance has clarified that the anti-money laundering (AML) guidelines and reporting requirements also extend to offshore cryptocurrency exchanges that cater to the Indian market. Overview of the Ministry

SEC Is Anything But Infallible Ripple's chief legal officer, Stuart Alderoty, recently expressed his dissatisfaction with the U.S. Securities and Exchange Commission (SEC) on social media. Citing an article from the Wall Street Journal that highlighted the Supreme Court's repeated rulings against the SEC, Alderoty emphasized that the regulator is far from infallible. He described

Galaxy Digital CEO's Bullish Bitcoin Prediction Galaxy Digital CEO, Michael Novogratz, is optimistic about the future price of bitcoin. In an interview on Bloomberg TV, he stated that he expects the price to be "significantly higher" once the U.S. Securities and Exchange Commission (SEC) approves spot bitcoin exchange-traded funds (ETFs). Novogratz believes that the approval